In today's economy, many people are struggling just to live paycheck to paycheck.
In response, author Jeff Yeager is teaching Americans how to stretch their dollar, and how to be more of what he calls a "cheapskate."
Jeff Yeager talks about how Americans can learn to live happily on less. Click play to watch The 700 Club interview.
From appearances on prime time television, to articles in top men's magazines, the self-proclaimed penny-pincher is single-handedly transforming the word "cheapskate" from an ugly word into a movement.
"People often think that because I'm cheap, I don't really enjoy life. In fact, it's just the opposite. Because I don't need to spend a lot of money to enjoy life, I don't need to spend a lot of time getting a lot of money," Yeager explains on his website.
In his book, The Cheapskate Next Door, Yeager shows readers how to live happily below their means.
He reveals the 16 key attitudes about money – and life – that allow the cheapskates next door to live happy, comfortable, debt-free lives while spending only a fraction of what most Americans spend.
During a recent interview with CBN News, Yeager said any American can weather the recession and live happily on less.
"Sure, you can afford to spend more," Yeager said. "But it won't make you ultimately feel better."
Yeager's book documents common characteristics and practical tips from thousands of frugal Americans - from how to eliminate college tuition expenses to how to save on your next wide-screen TV.
His book features hundreds of tips that could save you more than $25,000 in a single year. These "Cheap Shots" as Yeager calls them gives you the inside info on:
- How to save hundreds of dollars on childrens' toys
- What inexpensive old-fashioned kitchen appliance can save you more than $200 a year
- How you can travel the world without ever having to pay for lodging
- What single driving tip can save you $30,000 during your lifetime
Yeager explains the cheapskates next door know that the key to financial freedom and enjoying life more is not how much you earn, but how much you spend.
*Originally broadcast August 30, 2010.